Amkor Technology, Inc. (AMKR) Stake Lessened by American Century Companies Inc.

American Century Companies Inc. lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 15.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,797 shares of the semiconductor company’s stock after selling 109,466 shares during the quarter. American Century Companies Inc. owned about 0.25% of Amkor Technology worth $5,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Amkor Technology by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 12,977,833 shares of the semiconductor company’s stock valued at $150,410,000 after acquiring an additional 1,641,388 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Amkor Technology by 37.1% during the first quarter. Vanguard Group Inc. now owns 12,883,640 shares of the semiconductor company’s stock valued at $149,322,000 after acquiring an additional 3,486,502 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Amkor Technology by 10,955.1% during the first quarter. BlackRock Inc. now owns 8,051,191 shares of the semiconductor company’s stock valued at $93,313,000 after acquiring an additional 7,978,363 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Amkor Technology by 48.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,468,118 shares of the semiconductor company’s stock valued at $17,016,000 after acquiring an additional 481,544 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Amkor Technology by 47.8% during the first quarter. Geode Capital Management LLC now owns 1,424,493 shares of the semiconductor company’s stock valued at $16,509,000 after acquiring an additional 460,724 shares in the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Amkor Technology, Inc. (NASDAQ AMKR) opened at 8.95 on Friday. The firm has a market cap of $2.14 billion, a P/E ratio of 8.08 and a beta of 2.59. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The stock’s 50 day moving average is $9.22 and its 200 day moving average is $10.56.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $989 million during the quarter, compared to analysts’ expectations of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, equities research analysts expect that Amkor Technology, Inc. will post $0.54 EPS for the current year.

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Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG restated a “hold” rating and set a $10.50 price objective (down previously from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.25.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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